Privatisation
Kenya's National Treasury has formally received Ksh 103.45 billion from the partial sale of Kenya Pipeline Company (KPC) shares. The Privatisation Authority of Kenya's board handed over the funds, marking a key milestone in the country's privatisation programme. Treasury Cabinet Secretary John Mbadi highlighted the government's commitment to transparency and accountability.
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HSBC has completed a historic US$13.6 billion buyout of Hang Seng Bank to cut costs, tackle bad debts and fuel growth, though challenges remain. Investors worry that delisting Hang Seng limits options for exposure to Hong Kong and mainland China markets.
2025/11/13 02:22